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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Partnerships share income and losses among partners, affecting individual tax brackets. Maximizing Deductions One of the most direct ways to reduce your small business’s tax liability is to track and claim deductible expenses meticulously.

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Tips For Starting Up Your Own Roofing Company

The Startup Magazine

The most common types of business structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Sole proprietorships are easy to set up and offer full control, but they also come with unlimited personal liability.

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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad. Be able to prove due diligence whenever you can.

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How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Money that is loaned to a venture in this manner should, therefore, be recorded properly so that you can receive your dues in time. 2. Set up a legal entity for your business.

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What to Do If Your Accountant Makes an Error

Up and Running

A certified, professional accountant can be a valuable partner to a small business at all stages, from formation, to financials, to the sale of the business. Partnering with an accounting professional can be beneficial for your business before you are even up and running. An accountant’s role in a small business. Payroll tax.

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How to Start a Successful Consulting Business: The Complete 10 Step Guide (2019)

crowdSPRING Blog

You’ve paid your dues. Find partners or investors. Helping teams to better communicate with each other and helping companies to better communicate with the market. Helping clients with software and/or hardware issues. The LLC business structure provides the limited liability features you would find in a corporation.

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How To Close The Books on Your Startup

mashable.com

This is particularly true in the fast-paced high-tech and software world, where only a small percentage of startups mature. Yet to embark on the next project, you’ll want to properly close the books on your previous company. If no shares were issued, the Board of Directors must approve to dissolve the company. Today in Mobile.

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